Cross-Protocol Utility

Definition ∞ Cross-Protocol Utility describes the ability of a digital asset or system to function and provide value across multiple distinct blockchain protocols. This concept relates to interoperability, allowing assets or data to move and be used seamlessly between different decentralized networks. It boosts the overall functionality and reach of digital ecosystems.
Context ∞ The development of cross-protocol utility is a significant area of focus in blockchain technology, addressing the segmentation across various networks. Solutions like bridges and layer-2 protocols aim to improve this utility, allowing for more unified decentralized applications. News reports often discuss advancements in these technologies and their capacity to unlock new uses for digital assets.